Business & Finance Waterbury, CT
Pop. 114,403
Loan Officer Salary in Waterbury, Connecticut
The median loan officer salary in Waterbury, CT is $69,684 per year, which is 6.0% above the national median and 11.7% below the Connecticut state average.
City Median
$69,684
vs State Avg
$-9,204
vs National
+$3,944
Cost of Living
98%
Loan Officer Salary in Waterbury by Experience
In Waterbury, an entry-level loan officer earns around $40,280, while experienced professionals earn up to $137,800 per year. The local cost of living index is 98% of the national average.
Entry Level (0-2 yrs)
$40,280
+$2,280 vs national
Mid Level (3-7 yrs)
$69,960
+$3,960 vs national
Senior Level (8+ yrs)
$137,800
+$7,800 vs national
Salary Percentiles in Waterbury, CT
| Percentile | Waterbury |
|---|---|
| 10th Percentile | $37,312 |
| 25th Percentile | $48,124 |
| Median (50th) | $69,684 |
| 75th Percentile | $106,000 |
| 90th Percentile | $163,028 |
Loan Officer Salary in Other Connecticut Cities
How to Become a Loan Officer in Waterbury
Education
Most loan officer positions require a bachelor's degree. Waterbury and the surrounding Connecticut area have institutions offering relevant programs.
Key Skills
Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Waterbury may vary based on local industry and population growth.